Americans have a pretty high perception of their medical IQ. When surveyed, 42% of respondents said their medical IQ was probably in the top 80th to 100th percentile. In practice, however, the hubris doesn’t line up with the results.
Many Americans do not know basic information about their doctor’s training. During our survey, 66% of respondents said they didn’t know (or didn’t care!) which medical school their doctor attended. Thirty percent of respondents didn’t know that a cardiologist was not a primary care doctor.
Women are more likely to know the cost of care compared to men, and both are more likely to be price sensitive about prescription costs than medical care costs. About 78% of people regularly ask for generic equivalents for their prescription medications.
Despite earning more, people with higher incomes are more likely to negotiate their medical bills. Cost information still eludes many Americans, however, as 65% of respondents don’t know the cost of a medical service or procedure before receiving care.
Also, many Americans get a failing grade on understanding basic insurance terms. Only 23% know what co-insurance is.
|Know where their doctor went to school||34%||38%||30%|
|Know what PCP means||70%||79%||61%|
|Know the lowest price for flu shot||67%||65%||70%|
|Have negotiated a doctor bill||36%||38%||34%|
|Know cost of a medical procedure||35%||38%||29%|
|Ask for generic equivalents||78%||79%||77%|
|Know the following terms|
|Insurance Term Score||59.33%||60.33%||58.67%|